88
88
Oct 29, 2012
10/12
by
CNBC
tv
eye 88
favorite 0
quote 0
continue to watch cnbc as we continue to watch sandy. you stay safe, my dear, too. >> i shall, indeed. thanks for watching. that will do it for "power lunch." >> special edition of "street signs" starts right now. >>> the days ahead are going to be very difficult. there will be people who die and are killed in this storm. >> sobering comments from maryland governor martin o'malley as hurricane sandy takes aim at the northeast. it will be likely one of the most powerful and expensive storms of the past 100 years. >>> welcome to this special edition of "street signs." >> at this hour sandy inching closer to the east coast bringing the rains, tens of thousands of power outages already and causing the closure of the new york stock exchange today and tomorrow as well. we have the latest track on sandy for you, but first of all, let's start off with our reporters live across the northeast. we begin now with our scott cohn in battery park near wall street. scott, what's the latest down there? >> reporter: well, mandy, as you can see, the wind i
continue to watch cnbc as we continue to watch sandy. you stay safe, my dear, too. >> i shall, indeed. thanks for watching. that will do it for "power lunch." >> special edition of "street signs" starts right now. >>> the days ahead are going to be very difficult. there will be people who die and are killed in this storm. >> sobering comments from maryland governor martin o'malley as hurricane sandy takes aim at the northeast. it will be likely one...
129
129
Oct 30, 2012
10/12
by
CNBC
tv
eye 129
favorite 0
quote 0
meantime, all the news today not about sandy. a major deal disney announced it's adding "star wars" and "indiana jones" to its library. acquiring lucas jones, worth $4 billion. our julia boorstin at disney headquarters exculusively with the latest. >> reporter: $4.05 billion. disney is acquiring lucas film, half cash and half stock. in the acquisition they're acquiring the rights to the "star wars" franchise which goesed over $4.4 being worldwide as well as special effects studio industrial light and magic and sky walker sound. disney says it plans to release "star wars" episode seven in 2015. that's the same year it says the acquisition will become accretive to disney's bottom line saying it plans to release more films in the star wars franchise every two to three years. >> this was also a very unique opportunity. when you look at the world of entertainment, there's almost nothing like this. this is one of the most iconic, one of the most successful, one of the highest quality entertainment brands that exists in the world. and w
meantime, all the news today not about sandy. a major deal disney announced it's adding "star wars" and "indiana jones" to its library. acquiring lucas jones, worth $4 billion. our julia boorstin at disney headquarters exculusively with the latest. >> reporter: $4.05 billion. disney is acquiring lucas film, half cash and half stock. in the acquisition they're acquiring the rights to the "star wars" franchise which goesed over $4.4 being worldwide as well as...
42
42
Oct 31, 2012
10/12
by
CNBC
tv
eye 42
favorite 0
quote 0
how is the first day of trading since hurricane sandy? let's ask managing director at lessard national markets. >> it is good to be back. two days seems like an etesht when you're trying to place a bet and express an opinion in this marketplace so it is very difficult to wait this out. obviously a terrible tragedy, this national disaster. but we have to balance out the fact that we are back in business with the fact that, as bob just pointed out, it is very difficult to get to new york right now. i would tell you that the volumes aren't three days worth of volumes all wrapped up in one. we'll see that normalize over the course of the week. >> indeed. it is horrible to talk about these things in light of the tragedy that's ensued. but nonetheless, what are you doing in terms of making a buck? for example, where is the trade in the wake of the hurricane? >> one of the things you'll want to be very careful is on the overshoot. pisani just pointed out a few things. obviously people look at the home depots and lowlowe's and t a step further an
how is the first day of trading since hurricane sandy? let's ask managing director at lessard national markets. >> it is good to be back. two days seems like an etesht when you're trying to place a bet and express an opinion in this marketplace so it is very difficult to wait this out. obviously a terrible tragedy, this national disaster. but we have to balance out the fact that we are back in business with the fact that, as bob just pointed out, it is very difficult to get to new york...
52
52
Nov 1, 2012
11/12
by
CNBC
tv
eye 52
favorite 0
quote 0
as far as sandy. they think that's going to dampen business in new york, which is a key market for them. >> maybe the impact felt in the quarter. >> i actually didn't do anything. i looked in the -- to doing an options trade on the stock today. i stayed away, because i was concerned about europe. the stock was down 15% last quarter. but expedia and travelline is saying the business is looking better. a selloff back to 600, i think it's -- >> confirmation from expedia? >> yeah, their international bookings growth was up 25% off expectations between 10 and 18%. it's a monster run after hours, it's not one i would chase. above 650. i believe the stock breaks out from a pretty well defined down trend. you have a little bit of a double bottom. i think 650 is your pivot point. otherwise, i'm in the camp looking for a pull back. >> while sandy's not expected to affect the labor department's payout tomorrow, it could have an impact on jobs and gdp in the future. drew, always good to speak with you. what's tom
as far as sandy. they think that's going to dampen business in new york, which is a key market for them. >> maybe the impact felt in the quarter. >> i actually didn't do anything. i looked in the -- to doing an options trade on the stock today. i stayed away, because i was concerned about europe. the stock was down 15% last quarter. but expedia and travelline is saying the business is looking better. a selloff back to 600, i think it's -- >> confirmation from expedia? >>...
216
216
Jul 25, 2012
07/12
by
CNBC
tv
eye 216
favorite 0
quote 0
do you agree with sandy weill's call to break up the banks? tomorrow, barney frank will be with me weighing in on the potentially hot news of breaking up the big banks. we have paul ryan on deck today, is a short break and then more market coverage. up 56 points right now with 30 minutes until the closing bell sounds. >> new regulations mean nothing and regulators are not enforcing existing rules on the book. we need regulators doing their job. >> that's the chairman of the house agricultural committee for not cating the -- pergrime scandal. if you are one of the millions of men who have used androgel 1%, there's big news. presenting androgel 1.62%. both are used to treat men with low testosterone. androgel 1.62% is from the makers of the number one prescribed testosterone replacement therapy. it raises your testosterone levels, and... is concentrated, so you could use less gel. and with androgel 1.62%, you can save on your monthly prescription. [ male announcer ] dosing and application sites between these products differ. women and children s
do you agree with sandy weill's call to break up the banks? tomorrow, barney frank will be with me weighing in on the potentially hot news of breaking up the big banks. we have paul ryan on deck today, is a short break and then more market coverage. up 56 points right now with 30 minutes until the closing bell sounds. >> new regulations mean nothing and regulators are not enforcing existing rules on the book. we need regulators doing their job. >> that's the chairman of the house...
111
111
Oct 29, 2012
10/12
by
CNBC
tv
eye 111
favorite 0
quote 0
hurricane sandy landfall in the new york area is imminent. we are covering the latest the historic storm. brian shactman in montauk, long island. scott cohen in battery park, new york city. let's go to scott with the latest. >> probably will be the last report we do have from this location here because as you may be able to he the waters of new york harbor starting to lap up on to this area here at the battery at the tip of lower manhattan. precursor to the big storm surge that's going to come in with hurricane sandy. we don't want to be anywhere near it. i can tell you now that manhattan, crossroads of the world, sun creasingly now becoming an island because within the next couple of hours, the major bridge misand out of new york city, george washington bridge, other bridges in this area, will be closing down and the issue on that front is the winds. i want to show you video shot, just a few moments ago of one world trade center. people tower. these are the tallest construction cranes in new york city. the port authority of new york and new
hurricane sandy landfall in the new york area is imminent. we are covering the latest the historic storm. brian shactman in montauk, long island. scott cohen in battery park, new york city. let's go to scott with the latest. >> probably will be the last report we do have from this location here because as you may be able to he the waters of new york harbor starting to lap up on to this area here at the battery at the tip of lower manhattan. precursor to the big storm surge that's going to...
112
112
Jan 4, 2013
01/13
by
CNBC
tv
eye 112
favorite 0
quote 0
that will all be for near term and long-term sandy relief. they will send that over to the senate where it's unclear what will happen. the senate could amend it. could pass it or send it back to the house for conference committee vote. entirely unclear what the politics of that will be. a lot of folks are upset with the new spending and they are pla areally upset with what they saw in the original senate bill in the last congress ending earlier this week which had spending they thought was unrelated. take a look what the was in that bill that got everybody upset on the conservative side including $150 million in aid for ground fisherman in the northeast. i had to look up what a ground fisherman is. that's fishing for fish that float near the bottom of the ocean. also $2 million to repair roofs on the smithsonian buildings in d.c. $23 million for planting trees. h ' $41 billion for base repair, including in guantanamo bay cuba. that is spending people rejected to on the house side, saying those items are not included on the bill. it is not at
that will all be for near term and long-term sandy relief. they will send that over to the senate where it's unclear what will happen. the senate could amend it. could pass it or send it back to the house for conference committee vote. entirely unclear what the politics of that will be. a lot of folks are upset with the new spending and they are pla areally upset with what they saw in the original senate bill in the last congress ending earlier this week which had spending they thought was...
24
24
Oct 26, 2012
10/12
by
CNBC
tv
eye 24
favorite 0
quote 0
how does hurricane sandy impact your prices at the gas pump? >> let's ask our cnbc contractor here. >> we're seeing a spike in diesel fuel and gas prices as we anticipated the refine capacity on the east coast will get impacted. it was just being talked about, this won't be a major storm in terms of being a category 2 or 3 where insfra trukt tour will get impacted but if we lose power or get flooded out, that will disrupt shipments and supplies and we import a lot of fuel into the east coast to that too. >> we just had the weather guy on. i don't want to go after them, right, we're colleagues, but i'm looking at the national oceanic forecast and we're looking at 10 inches of rain in the mid-atlantic. don't the refineries gets flooded? >> i think the weather channel guys have been through it all so they don't see it like we do. irene last year, there are bridges out left and right still if you go north -- >> they flee when the dow goes down and if it rains, we flee. >> to them, they are ready to jump out the window. >> there's the potential for
how does hurricane sandy impact your prices at the gas pump? >> let's ask our cnbc contractor here. >> we're seeing a spike in diesel fuel and gas prices as we anticipated the refine capacity on the east coast will get impacted. it was just being talked about, this won't be a major storm in terms of being a category 2 or 3 where insfra trukt tour will get impacted but if we lose power or get flooded out, that will disrupt shipments and supplies and we import a lot of fuel into the...
198
198
Oct 29, 2012
10/12
by
CNBC
tv
eye 198
favorite 0
quote 0
>> no, we better talk sandy i think. >> okay. sandy effect on the vote is entirely speculative. there are a lot of people yakking about it, but mostly making stuff up. i'll go to a couple things. first of all, obama is believed to have a somewhat more extensive ground game, he has more people on the ground. so in theory, he has more to disrupt. the president's schedule has him doing more events that will have to be canceled than romney. on the other hand, because romney is down a field goal and needs something to happen, the idea that sandy could flereeze things in place for a few days is not necessarily good for him because he had momentum after the first debate. the momentum seems to have died out. it's left him in a very competitive position. he could win the election. but he may need a little bit of push by the end. and then the other thing that people talk about is the idea that president obama can showrd shal leadership and he's helping people, using fema and other tools of the administration. i'm kind of skeptical of that because i think people understand that that's a pr
>> no, we better talk sandy i think. >> okay. sandy effect on the vote is entirely speculative. there are a lot of people yakking about it, but mostly making stuff up. i'll go to a couple things. first of all, obama is believed to have a somewhat more extensive ground game, he has more people on the ground. so in theory, he has more to disrupt. the president's schedule has him doing more events that will have to be canceled than romney. on the other hand, because romney is down a...
268
268
Oct 29, 2012
10/12
by
CNBC
tv
eye 268
favorite 0
quote 0
continuing coverage of hurricane sandy. nearly 14,000 flights have been canceled due to hurricane sandy. more specifics on the impact on air travel from new york based jetblue. it has a major presence along the east coast. on the telephone with me is the jetblue chief operating officer. good to have you on the program. can you update us on how many flights have you cancelled and when you think you will be able to get stranded travelers moving again? >> good to be with you. as i sit here today in long island city we are -- cancelled about 1,200 pilots through the early part of wednesday. we are planning right now to begin bringing flights back to boston on tuesday night. then trying at the infrastructure ready for us and -- what -- subways and bridges and -- mass trance and it all that kind of good stuff if they can come back reliably tuesday night into wednesday we will try to begin operating into new york sometime on wednesday. >> we have got 12 had 00 flight cancelations at jetblue is that the right number? 1300 flights?
continuing coverage of hurricane sandy. nearly 14,000 flights have been canceled due to hurricane sandy. more specifics on the impact on air travel from new york based jetblue. it has a major presence along the east coast. on the telephone with me is the jetblue chief operating officer. good to have you on the program. can you update us on how many flights have you cancelled and when you think you will be able to get stranded travelers moving again? >> good to be with you. as i sit here...
27
27
Nov 1, 2012
11/12
by
CNBC
tv
eye 27
favorite 0
quote 0
i would suspect that there will be a resolution and that perhaps sandy and effects from sandy will force some type of compromise that might not have been possible going forward. but to our way of thinking, the fiscal cliff is probably a 1% negative in terms of gp which means that if gdp was going to be 2 or 3, it is now going to be 1 as opposed to 2. they're probably slow-growth quarters from our standpoint. >> only economically. only economically. does it matter who wins the election? >> i don't think so. in my investment outlook, i basically said neither one, republican, democrat, democrat, republican. it is the defendant government that money can buy -- >> bill, you said a lot. you were pretty cynical. were you jaded. i thought when did bill gross get so jaded with government? >> that's not jaded. we spent $5 billion on this election for what? to prove that it is the government of the super pac by the super pac for the super pac? to prove that basically no matter who wins, that we'll be at this point four years from now in the future. so what i'm suggesting is, no, not don't go to the
i would suspect that there will be a resolution and that perhaps sandy and effects from sandy will force some type of compromise that might not have been possible going forward. but to our way of thinking, the fiscal cliff is probably a 1% negative in terms of gp which means that if gdp was going to be 2 or 3, it is now going to be 1 as opposed to 2. they're probably slow-growth quarters from our standpoint. >> only economically. only economically. does it matter who wins the election?...
81
81
Oct 31, 2012
10/12
by
CNBC
tv
eye 81
favorite 0
quote 0
the first issue is obviously sandy occurred in the fourth quarter. that's going to have a material impact. as we said, we're significantly raising guidance for the fourth quarter. it will result in a rise for the year as well. that's really the portable generator demand. that's the in-rush much demand we see around an event that occurs -- unfortunately, when you get major destruction like this, you have a hard time actually finding gas for. but in the future and really for the next six to 12 months, we should see going into 2013, a greater demand for permanently installed packup systems. people have hit the turning point with frequency of outages, have come to the conclusion they need a backup plan that, frankly, is more permanent in nate tur. >> when it comes to the portables versus installed, i'm curious that the martins are different. there's another stream of ref knew which you get from servicing the units. >> the portables are sold through big box retailers. the margins on those products not kwied as good as on the installed products. installed
the first issue is obviously sandy occurred in the fourth quarter. that's going to have a material impact. as we said, we're significantly raising guidance for the fourth quarter. it will result in a rise for the year as well. that's really the portable generator demand. that's the in-rush much demand we see around an event that occurs -- unfortunately, when you get major destruction like this, you have a hard time actually finding gas for. but in the future and really for the next six to 12...
44
44
Nov 1, 2012
11/12
by
CNBC
tv
eye 44
favorite 0
quote 0
after sandy. so stephanie link, if you have insur insured losses, some of the numbers hitting 50 billion could go higher. how are you thinking about the space today? >> there are some companies that are going to fair better. something like an aig which has surplus insurance, they have a better pricing power, so they can quickly raise prices, where as an all-state or travelers won't be able to price as aggressively. in terms of aig, the reason we own it, this is obviously a horrible situation, but i think it will be contained somewhat in the fourth quarter, maybe the first. it's really cleaned up its balance sheet and focusing on two business lines. casualty and life. i think the life business will start to see some momentum as he they get more distribution. i think they use the weakness to buy when the stock is trading at .6 times book value. >> mike murphy, you could see a bit of an earnings hit based on what the actual insured losses and payout turn out to be. which name in this space you think
after sandy. so stephanie link, if you have insur insured losses, some of the numbers hitting 50 billion could go higher. how are you thinking about the space today? >> there are some companies that are going to fair better. something like an aig which has surplus insurance, they have a better pricing power, so they can quickly raise prices, where as an all-state or travelers won't be able to price as aggressively. in terms of aig, the reason we own it, this is obviously a horrible...
199
199
Nov 1, 2012
11/12
by
CNBC
tv
eye 199
favorite 0
quote 0
it was the first post-sandy opening here on wall street. it was pretty flat, even though volume picked up at the end of the day. today we're seeing money move into equities. >> how we closed yesterday didn't really matter. it was just the fact it was open for trading. it's interesting to see this gain today as we were talking with the guys last segment. the dow up 128 points. the nasdaq with a stellar gain of 1.4%. the s&p up more than 1% on this first trading day of the new month here. as we get ready for the jobs number tomorrow, we think about the jobs -- or all the of the economic data today was good. the manufacturing, the construction spending, the adp jobs number, the private sector number, has now changed their me methodology and broadly expanded the number of sampling they take, so it may be closer in correlation to what the jobs number tomorrow looks like. today's number was a gain of 158,000 jobs, which was above expectations. so who knows what that will mean for tomorrow. >> yeah, it's really interesting. why are we changing the
it was the first post-sandy opening here on wall street. it was pretty flat, even though volume picked up at the end of the day. today we're seeing money move into equities. >> how we closed yesterday didn't really matter. it was just the fact it was open for trading. it's interesting to see this gain today as we were talking with the guys last segment. the dow up 128 points. the nasdaq with a stellar gain of 1.4%. the s&p up more than 1% on this first trading day of the new month...
232
232
Nov 2, 2012
11/12
by
CNBC
tv
eye 232
favorite 0
quote 0
superstorm sandy causing billions in damages. now companies are warning the storm will wreak havoc on earnings. the ce e o from clorox is here exclusively. >>> plus, sandy causing gas lines reminiscent of the 1970s throughout the new york area. we've got the latest details on the crisis and how ugly it's getting out there. >>> and at least those lines are over something essential like gasoline. check out all the people waiting to get their hands on apple's new mini ipad. there'sing in small about this show today. that and more next. [ male anno] at scottrade, we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's another reason more investors are saying... [ all ] i'm with scottrade. >>> welcome back. clorox just one of the many
superstorm sandy causing billions in damages. now companies are warning the storm will wreak havoc on earnings. the ce e o from clorox is here exclusively. >>> plus, sandy causing gas lines reminiscent of the 1970s throughout the new york area. we've got the latest details on the crisis and how ugly it's getting out there. >>> and at least those lines are over something essential like gasoline. check out all the people waiting to get their hands on apple's new mini ipad....
267
267
Nov 2, 2012
11/12
by
CNBC
tv
eye 267
favorite 0
quote 0
it really has the feel of a sandy effect. utilities and consumer staples have been the weakest perform thers week. terms have done better. the anticipation of rebuilding and the hit that the utilities have taken right now still feels like it's the aftermath of the storm here. >> we're in a slightly different -- the cause of qe-3, it has created some whacky distortions in the market. it's again affecting the market today. when we got a better than expected payroll report, which i think is certainly good news, the dollar rallied because there's less likelihood of qe-3. that would be dollar positive. well, you know, that might be good. that's certainly a good sign of a better economy as well. but that put pressure on all the commodities. you can see that this knock-on effect of qe-3, which is one reason so many people have a hard time with qe-3. >> john sweeney, what impact do you feel the monetary policy has had? there was a time the market was rallying even as the fundamentals were falling down or slowing down at that point. d
it really has the feel of a sandy effect. utilities and consumer staples have been the weakest perform thers week. terms have done better. the anticipation of rebuilding and the hit that the utilities have taken right now still feels like it's the aftermath of the storm here. >> we're in a slightly different -- the cause of qe-3, it has created some whacky distortions in the market. it's again affecting the market today. when we got a better than expected payroll report, which i think is...
237
237
Oct 31, 2012
10/12
by
CNBC
tv
eye 237
favorite 0
quote 0
and is sandy a case for big government? why some are using the superstorm to say big government really is better. we separate the fact from fiction of that argument. that's all ahead on this special edition of "the closing bell." customer erin swenson bought from us online today. so, i'm happy. sales go up... i'm happy. it went out today... i'm happy. what if she's not home? (together) she won't be happy. use ups! she can get a text alert, reroute... even reschedule her package. it's ups my choice. are you happy? i'm happy. i'm happy. i'm happy. i'm happy. i'm happy. happy. happy. happy. happy. (together) happy. i love logistics. >>> all right, getting back to breaking news on netflix, herb greenberg is on the story. >> netflix shares up about 17% right now, they've been flying and just the recent 10, 15, 20 minutes news hit carl icon taken a 9.9% stake in the company. icahn has been buying the shares since early september and he's identified netflix because he believes it's undervalued in its dominant position and internat
and is sandy a case for big government? why some are using the superstorm to say big government really is better. we separate the fact from fiction of that argument. that's all ahead on this special edition of "the closing bell." customer erin swenson bought from us online today. so, i'm happy. sales go up... i'm happy. it went out today... i'm happy. what if she's not home? (together) she won't be happy. use ups! she can get a text alert, reroute... even reschedule her package. it's...
220
220
Oct 26, 2012
10/12
by
CNBC
tv
eye 220
favorite 0
quote 0
there's a lot of talk about the impact of hurricane sandy but not a lot on the stock market. there's been play on roofing and water proofing company up a little bit here. rpm and wr grace do a lot of water proofing but i don't see heavy volume. insurance companies, understandably, some of the ones with exposures, little weak. travelers and chubb, not big volume in them. whitewave foods thinkds silk and land o lakes, opened at 19 and has broke the issuance price or fairly early this morning. that's a little bit disappointing. for the week s&p 500 down 1%, all of the damage today this week was done on tuesday. we're essentially unchanged from the close on tuesday. back to you. >> a lot of mid week volatility there. thank you, bob, we'll check back as news warrants, we're heading to the close. we will see. the dow at this point is up 16 points at this hour. >> a lot more to come on this busy edition of "the closing bell." >>> coming up, pointed questions, is the government using a manipulated interest rate that's costing tax mayors untolled millions? the officials sounding the a
there's a lot of talk about the impact of hurricane sandy but not a lot on the stock market. there's been play on roofing and water proofing company up a little bit here. rpm and wr grace do a lot of water proofing but i don't see heavy volume. insurance companies, understandably, some of the ones with exposures, little weak. travelers and chubb, not big volume in them. whitewave foods thinkds silk and land o lakes, opened at 19 and has broke the issuance price or fairly early this morning....
95
95
Oct 31, 2012
10/12
by
CNBC
tv
eye 95
favorite 0
quote 0
i've been calling local board of election officials in the sandy zone today. we've been able to get through to a couple of them. start with cape may, new jersey, that's the southern coastal portion of new jersey where i spoke with michael kennedy, the cape may county registrar. he toll me they are still evaluating conditions there. they're going to see how many polling places they're going to need to move. they had a couple in yacht clubs near the water but he said they're going to double those up with other polling places. further inland people will be able to vote there. he said the word he's getting is that the state of new jersey is going to lean to having an election on tuesday. that's the word from state officials there and they expect that most polling places will be open in cape may county, new jersey. however, he said the worst damage was in ocean county, new jersey. he doesn't have any word from election officials there. also in suffolk county, new york, i spoke with wayne rodgers, the republican board of elections commissioner up there. he told me t
i've been calling local board of election officials in the sandy zone today. we've been able to get through to a couple of them. start with cape may, new jersey, that's the southern coastal portion of new jersey where i spoke with michael kennedy, the cape may county registrar. he toll me they are still evaluating conditions there. they're going to see how many polling places they're going to need to move. they had a couple in yacht clubs near the water but he said they're going to double those...
218
218
Nov 5, 2012
11/12
by
CNBC
tv
eye 218
favorite 0
quote 0
most could be considered a sandy effect. the s&p 500 utilities index dropping to its lowest level since early june in the wake of superstorm sandy. >> time for talking numbers, forget obama versus romney. some say it breaks down to bonds versus stocks because the president's policies may be good for bonds and mitt romney's policies would benefit equities. on the technical side, abigail doolittle and miller bookbar. peter, you're one of the smartest guys out there. i love your research. >> i think the bond market rally has run it's course. even if obama wins, i don't see much upside. if romney wins because of the optimism that any growth in the economy that would engender, it would be negative for bonds. for me, the trade is very asymmetrical with very little upside in bonds and a lot more downside if -- either way, depending on who wins. >> even if romney wins, you think there's not a lot of upside for stocks? >> well, for stocks i think we're going to get an emotional knee-jerk bounce november, december. i think 2013 is goi
most could be considered a sandy effect. the s&p 500 utilities index dropping to its lowest level since early june in the wake of superstorm sandy. >> time for talking numbers, forget obama versus romney. some say it breaks down to bonds versus stocks because the president's policies may be good for bonds and mitt romney's policies would benefit equities. on the technical side, abigail doolittle and miller bookbar. peter, you're one of the smartest guys out there. i love your...
245
245
Oct 29, 2012
10/12
by
CNBC
tv
eye 245
favorite 0
quote 0
hurricane sandy slamming the east coast. whoa we are looking at sandy coming in, making landfall in the next couple of hours. we wanted to show you a damaged crane in the heart of manhattan. building 157th street. the crane was on top of the building. the wind have been so severe, it knocked part of the crane off the building and currently hanging off of that building. firefighters are at the scene, telling folks to evacuate, get away from this building in case this crane falls from the top of the building. an extraordinary shot we're looking at now. >> ultraluxury apartment building still under construction. as our robert frank reported a little while ago, some had already been purchased for tens of millions of dollars. that building going to 90 stories when all is said and done. winds wreaking havoc in midtown manhattan. the worst may still yet be to come from sandy. todd gross track latest path. >> indeed, the worst is to come. it's going to happen within the next few hours. we're approaching crunch time as this is accele
hurricane sandy slamming the east coast. whoa we are looking at sandy coming in, making landfall in the next couple of hours. we wanted to show you a damaged crane in the heart of manhattan. building 157th street. the crane was on top of the building. the wind have been so severe, it knocked part of the crane off the building and currently hanging off of that building. firefighters are at the scene, telling folks to evacuate, get away from this building in case this crane falls from the top of...
192
192
Nov 1, 2012
11/12
by
CNBC
tv
eye 192
favorite 0
quote 0
that's largely because of sandy. that's taking out about 300 to 400,000 because of the sales pace would be that much higher if we had not seen sandy the last three days of the month. again, the october sales rate coming in at 14.2 million. maria, back to you. >> all right, phil. thank you so much. good luck finding gasoline if you live in areas hard hit by sandy. we'll show you a very long line at a gas station in new jersey next and talk about how long gasmageddon could last. later, how will tomorrow's key jobs report move your money tomorrow? stick around. back in a moment. ♪ ♪ [ male announcer ] don't just reject convention. drown it out. introducing the all-new 2013 lexus ls f sport. an entirely new pursuit. or that printing in color had to cost a fortune. nobody said an all-in-one had to be bulky. or that you had to print from your desk. at least, nobody said it to us. introducing the business smart inkjet all-in-one series from brother. easy to use, it's the ultimate combination of speed, small size, and lo
that's largely because of sandy. that's taking out about 300 to 400,000 because of the sales pace would be that much higher if we had not seen sandy the last three days of the month. again, the october sales rate coming in at 14.2 million. maria, back to you. >> all right, phil. thank you so much. good luck finding gasoline if you live in areas hard hit by sandy. we'll show you a very long line at a gas station in new jersey next and talk about how long gasmageddon could last. later, how...
121
121
May 23, 2013
05/13
by
CNBC
tv
eye 121
favorite 0
quote 0
sandy, 30 seconds on the clock, what do you want to be prepared for tomorrow? >> i'm a little bit more long-term oriented than short-term. but we will get durable goods orders up about 7%. the market's going to rally on this because basically that the fed is being so -- so easy, there's $84 billion a month bond buying program is just -- it's just not going to happen. so, anyway, i think over time, everything's going to be good and tomorrow's going to be a quiet day. >> all right. but i didn't understand what you were saying about the bond buying program. i'm going to get back to you on that. steven, 30 seconds on the clock, what are you looking for tomorrow? >> on the volatility desk, we're nothing but short-term, we're watching it. we think that durable goods are going to snap back. it's going to set a positive tone. this year, i don't think we've seen three straight down days, we think tomorrow will be no different. looking for about 2.5% increase in durable goods. going to set a strong tone for q-2 gdp, and yeah, we're looking for s&p up tomorrow. >> all rig
sandy, 30 seconds on the clock, what do you want to be prepared for tomorrow? >> i'm a little bit more long-term oriented than short-term. but we will get durable goods orders up about 7%. the market's going to rally on this because basically that the fed is being so -- so easy, there's $84 billion a month bond buying program is just -- it's just not going to happen. so, anyway, i think over time, everything's going to be good and tomorrow's going to be a quiet day. >> all right....
287
287
Nov 5, 2012
11/12
by
CNBC
tv
eye 287
favorite 0
quote 0
sandy, what about you? you say regardless of who wins the election, the fiscal cliff would be either downsized or deferred. what does that mean? >> well, i think downsizing is more likely. have you to factor in the hurricane as well because that's going to be a half a percentage point decline as well, coupled with, you need to get that fiscal cliff down to 1% or maybe 0.5%. i think the downsizing has to be pretty substantial. they're either going to have to defer it to the new congress and either a new administration or the existing one, but they've got to get it downsized pretty substantially pretty quickly. and it's going to require, because of that gridlock we're going to have again, a bipartisan concurrence. that's going to be the test in 2013. >> chris, what do you think? how do you want to invest with $1.5 billion under management, how are you allocating money today? >> i think you want to be neutral. i think you want to leave your bets at the doorstep and to take win side of the other is gambling and
sandy, what about you? you say regardless of who wins the election, the fiscal cliff would be either downsized or deferred. what does that mean? >> well, i think downsizing is more likely. have you to factor in the hurricane as well because that's going to be a half a percentage point decline as well, coupled with, you need to get that fiscal cliff down to 1% or maybe 0.5%. i think the downsizing has to be pretty substantial. they're either going to have to defer it to the new congress...
221
221
Aug 31, 2012
08/12
by
CNBC
tv
eye 221
favorite 0
quote 0
. >>> sandy crying? >> from the "closing bell" gang, we worked with sandy many years, we wish you well with the new venture, and may jr. drives in golf straighten out some day in i may say so. welcome to "closing bell," ben bernanke speaks, the markets are up, but the bulls are not completely wowed. >> they did listen, but did they get everything they wanted at this time. some say the fed chairman did make enough of a case for more monetary stimulus. others are saying they stopped short. what is clear is that the they still had concerns and it's still very cautious, and that's why we're seeing the dow in a wide range today. it's generally higher but has been pretty volatile in this session. it was higher in the opening and it's gone sideways since that time. the dow, as you see, up 100 points at 1399, gain of three quarters of a percent. >> when you look at gold and the dollar, everything is definitely -- >> yes, the s&p is up 8.5 points at 1407. where do the markets go for here as the fed effect starts
. >>> sandy crying? >> from the "closing bell" gang, we worked with sandy many years, we wish you well with the new venture, and may jr. drives in golf straighten out some day in i may say so. welcome to "closing bell," ben bernanke speaks, the markets are up, but the bulls are not completely wowed. >> they did listen, but did they get everything they wanted at this time. some say the fed chairman did make enough of a case for more monetary stimulus....
142
142
Feb 8, 2013
02/13
by
CNBC
tv
eye 142
favorite 0
quote 0
remember superstorm sandy which knocked heat and power out for millions of customers. i'll speak with the head of one of the biggest power companies in the northeast and president obama now warning that drastic spending cuts could have a devastating effect on the economy. you choose which accounts to track and use fidelity's analytics to spot trends, gain insights, and figure out what you want to do next. all in one place. i'm meredith stoddard and i helped create the fidelity guided portfolio summary. it's one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. >>> welcome back. winter storm nemo striking with full force. we've got full team coverage. jackie d'angelis is standing by outside headquarters and mary thompson is outside a home depot in new jersey and jay gray is live tonight in boston. jackie, kick things off for us. >> reporter: good afternoon. moments ago governor cuomo declaring a state of emergency. as of now subways in manhattan with fully running and fully functional but we could see closu
remember superstorm sandy which knocked heat and power out for millions of customers. i'll speak with the head of one of the biggest power companies in the northeast and president obama now warning that drastic spending cuts could have a devastating effect on the economy. you choose which accounts to track and use fidelity's analytics to spot trends, gain insights, and figure out what you want to do next. all in one place. i'm meredith stoddard and i helped create the fidelity guided portfolio...
293
293
Dec 6, 2012
12/12
by
CNBC
tv
eye 293
favorite 0
quote 0
early thanksgiving, hurricane sandy. is this rally at the end of the day having anything to do with any anticipation of the jobs report? what are you looking for? >> no, i don't think so. we're looking for almost exactly half. we had 171,000. the consensus is 85 to 90,000. we're looking at half. i understand that, you know, superstorm san difs a horrible event, and i am sure it's going to take some jobs out, but it's going to also be a bit of an excusetrending well. i'll give you an example. wells fargo gallup does a small survey. on hiring, small businesses dropped to the lowest level of opt miimism in four years. it doesn't matter what ben bernanke does. i think his programs have long since not really helped the employment side, but the fiscal cliff is doing obvious damage. that's going to make what everybody knows is coming. we ran out of two years to sell. they're going to go from a twist to outright purchases. it's fully built into the market, but it isn't going to help. the fiscal cliff is going to do more damage t
early thanksgiving, hurricane sandy. is this rally at the end of the day having anything to do with any anticipation of the jobs report? what are you looking for? >> no, i don't think so. we're looking for almost exactly half. we had 171,000. the consensus is 85 to 90,000. we're looking at half. i understand that, you know, superstorm san difs a horrible event, and i am sure it's going to take some jobs out, but it's going to also be a bit of an excusetrending well. i'll give you an...
103
103
Jan 2, 2013
01/13
by
CNBC
tv
eye 103
favorite 0
quote 0
. >>> largely lost in all of the drama over the cliff, aid to victims to hurricane sandy on east koefd. it has republicans now turning on republicans. >> hi, tyler. kind after surprising and unexpected fight here. let me show how as they were getting zun with the fiscal cliff debate. here is how it went down. >> the question is on the motion to adjourn. those in favor, say aye. >> aye. >> those opposed, no. >> no. >> and the opinion of the chair? ayes have it accordingly the house stands adjourned until 10:00 a.m. tomorrow for morning hour debate. >> so you could hear those republicans and democratic members from new york and new jersey upset they gavelled down the session last night before they voted on this bill and today, some of those members have been venting their anger at a system that they say is unfair to their constituents. take a listen. >> these people have no problem finding new york when it comes to raising money. it is only when it comes to allocating money they can't find the ability to do it. we cannot believe that this cruel knife in the back was delivered to our regi
. >>> largely lost in all of the drama over the cliff, aid to victims to hurricane sandy on east koefd. it has republicans now turning on republicans. >> hi, tyler. kind after surprising and unexpected fight here. let me show how as they were getting zun with the fiscal cliff debate. here is how it went down. >> the question is on the motion to adjourn. those in favor, say aye. >> aye. >> those opposed, no. >> no. >> and the opinion of the chair?...
252
252
Oct 30, 2012
10/12
by
CNBC
tv
eye 252
favorite 0
quote 0
parts of new jersey simply devastated by sandy. an entire town under water under a levee break overnight. jackie deangelis is in new jersey following this developing story. jackie. >> good afternoon, maria. we are here in town where everything has been shut down. we did see people earlier tonight being evacuated by emergency crews. fest by boat throughout the streets from their homes and then on to bus where is they got to higher ground. we were asking some people how they survived the evening with the damage. they told us the water started coming around 10:00 last night. between 10:00 and midnight flooding their basements and moving up slowly. they kept moving up their homes to stay dry. when the evacuation crews came this morning, it took many hours to get people out. some people put their wading boots on and starting walking themselves. it's a small community here, but it's not just this area that was damaged as a result of this. also, hackensack is dealing with this. this is the type of problem that's not going to go away overn
parts of new jersey simply devastated by sandy. an entire town under water under a levee break overnight. jackie deangelis is in new jersey following this developing story. jackie. >> good afternoon, maria. we are here in town where everything has been shut down. we did see people earlier tonight being evacuated by emergency crews. fest by boat throughout the streets from their homes and then on to bus where is they got to higher ground. we were asking some people how they survived the...
151
151
Nov 2, 2012
11/12
by
CNBC
tv
eye 151
favorite 0
quote 0
and putting a price on sandy. we'll talk to a long time insurance executive to get perspective on how the industry will handle all the damages and how you can even start to tally up the cost of all of this. right now as we head to a break, take a look at yesterday's winners and losers. up. a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million people while investing billions improving everything from booking to baggage claim. we're raising the bar on flying and tomorrow we will up it yet again. he's, he's on my back about providing for his little girl. hey don't worry. e-trade's got a killer investing dashboard. everything is on one page. i'm watching you. oh yeah? well i'm watching you, watching him. [ male announcer ] try the e-trade 360 investing dashboard. >>> welcome back to "squawk b " box." we're two hours away from the release of the jobs report for october.
and putting a price on sandy. we'll talk to a long time insurance executive to get perspective on how the industry will handle all the damages and how you can even start to tally up the cost of all of this. right now as we head to a break, take a look at yesterday's winners and losers. up. a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million...
242
242
Oct 30, 2012
10/12
by
CNBC
tv
eye 242
favorite 0
quote 0
since sandy hit. she joins us next on the aftermath of this superstorm. >>> also ahead -- >> i appreciate the presence, telephone call. if we need something, i have the number and i'll be sure to use it. >> new jersey governor and mitt romney supporter chris christie setting politics aside because of sandy. how will the superstorm impact the presidential election just one week away? i'll speak with pennsylvania governor ed remember dell on the back half of this show. don't miss it. ♪ [ male announcer ] the way it moves. the way it cleans. everything about the oral-b power brush is simply revolutionary. oral-b power brushes oscillate, rotate and even pulsate to gently loosen and break up that sticky plaque with more brush movements than manual brushes and even up to 50% more than leading sonic technology brushes for a superior clean. oral-b power brushes. go to oralb.com for the latest offers. oral-b power brushes. if we want to improve our schools... ... what should we invest in? maybe new buildings
since sandy hit. she joins us next on the aftermath of this superstorm. >>> also ahead -- >> i appreciate the presence, telephone call. if we need something, i have the number and i'll be sure to use it. >> new jersey governor and mitt romney supporter chris christie setting politics aside because of sandy. how will the superstorm impact the presidential election just one week away? i'll speak with pennsylvania governor ed remember dell on the back half of this show. don't...
187
187
Nov 11, 2013
11/13
by
CNBC
tv
eye 187
favorite 0
quote 0
. >> joining me to talk more about investing in this market, bernie williams from usaa, jay bill, sandy lincoln, and david saurby from loomis sales and company. thank you for joining us. >> thank you. >> here we are -- it's great to have you. thanks for joining us. we have so many thousands and thousands of portfolio managers talking about this market. once again, when i meant thousands here at the schwab impact conference and market still at all-time highs, even if just barely. what do you take away from that? >> it's great on one level but seems unright. but when you look at the fundamentals behind it, and we're certainly overweighted with regard to the equity side of the equation but lots of reasons to be there. great operating margins. probably the best in the world in the u.s. margins that are not only great. revenue doing better than expected. earnings doing better than expected. valuations are reasonable. balance sheets are good. there's reason to be optimistic. at the same time, investors have had risk drift in here. they haven't been conscience but equity portfolio is up 30%. b
. >> joining me to talk more about investing in this market, bernie williams from usaa, jay bill, sandy lincoln, and david saurby from loomis sales and company. thank you for joining us. >> thank you. >> here we are -- it's great to have you. thanks for joining us. we have so many thousands and thousands of portfolio managers talking about this market. once again, when i meant thousands here at the schwab impact conference and market still at all-time highs, even if just...
216
216
Oct 25, 2012
10/12
by
CNBC
tv
eye 216
favorite 0
quote 0
. >> oh, sandy. >>> welcome back. are you ready for sandy? millions of northeasterners who remember last year's freak storm event in october that left so many without power are saying a collective "not again." weather channel meteorologist reynolds wolf in atlanta with the latest on the upcoming storm. >> let's get you and the rest of america up to speed with what we can expect with sandy. to give you a full picture, let's look at what it's doing right now. you see the winds at 105 miles per hour sustained. the pressure at 963. it's moving to the north and doing so at a fairly decent rate. the center is about 130 miles south of the central ffecting p the u.s. in fact, south florida, heavy rainfall. some very heavy cells bringing that intense rainfall along parts of south florida and into the keys. the problem is the storm it going to continue to move. this hurricane, at least according to the latest path we have, it's going to do two things. it's going to continue its march to the north, northwest. by the time we get to this evening, winds of
. >> oh, sandy. >>> welcome back. are you ready for sandy? millions of northeasterners who remember last year's freak storm event in october that left so many without power are saying a collective "not again." weather channel meteorologist reynolds wolf in atlanta with the latest on the upcoming storm. >> let's get you and the rest of america up to speed with what we can expect with sandy. to give you a full picture, let's look at what it's doing right now. you...
625
625
Nov 8, 2013
11/13
by
CNBC
tv
eye 625
favorite 0
quote 0
what was the -- >> well, sandy -- remember, sandy was a very large storm over a large area, so the amount of total energy in the storm, that's why we have power and impact scale at weather bell to account for the area of the storm also was pretty great. sandy was not in the same category as hurricane hazel in '54 which was a category 4 storm in october, hit the north carolina coast, or the 1944 hurricane up the eastern seaboard, 600-mile dye diameter of hurricane winds, or '38 which had wind gusts of 168 miles an hour, blue hill, massachusetts. can you see blue hill from boston. you can imagine how big those storms. >> wow. paul, i mean, what kind of an impact might a storm like this have on the u.s.? >> well, as joe noted, the kind of energy and the kind of storms we're seeing now in the philippines has happened here in the u.s. when it happened in the past, we weren't quite as built up. if we had a storm like this that hit in miami, that was not even this big, the impact could from an insured loss perspective could be really, really high. some estimates it could be greater than $125 bil
what was the -- >> well, sandy -- remember, sandy was a very large storm over a large area, so the amount of total energy in the storm, that's why we have power and impact scale at weather bell to account for the area of the storm also was pretty great. sandy was not in the same category as hurricane hazel in '54 which was a category 4 storm in october, hit the north carolina coast, or the 1944 hurricane up the eastern seaboard, 600-mile dye diameter of hurricane winds, or '38 which had...
183
183
Oct 29, 2012
10/12
by
CNBC
tv
eye 183
favorite 0
quote 0
hurricane sandy. >>> scott, thank you very much. we continue our breaking news coverage. hurricane sandy lashing out at the east coast of the united states. streets are flooding. that's the least of it. beaches eroding. this is the real deal, sue. >> indeed it is, ty. i'm sue herera. welcome to "power lunch." we have reporters and live cameras spanned out from washington, d.c. all the way up to new england. but we're going to start with meteorologist todd gross for an update. >> it is still looking grim. basically the two important things to note about this storm are number one, it is transitioning right now in to an extra tropical storm. non-hurricane. it's doing so with a very deep central pressure. you see that 943 mb? that means it is 943 millibars. sounds technical? it means it is a really deep storm, even for a hurricane, and it is transitioning into a non-hurricane, and yet maintaining its strength. that's one important factor. the other important factor is take a look at the bends that this st
hurricane sandy. >>> scott, thank you very much. we continue our breaking news coverage. hurricane sandy lashing out at the east coast of the united states. streets are flooding. that's the least of it. beaches eroding. this is the real deal, sue. >> indeed it is, ty. i'm sue herera. welcome to "power lunch." we have reporters and live cameras spanned out from washington, d.c. all the way up to new england. but we're going to start with meteorologist todd gross for an...
208
208
Aug 16, 2012
08/12
by
CNBC
tv
eye 208
favorite 0
quote 0
second place i think sandy let jamie go for just this reason, sandy's not a speculator and dimon is. >> can we go back to gekko for a minute? >> no. >> very different, we showed the clip, famous iconic speech, greed is good, 1987. this is coming the up in the presidential election, in are mr's bam mitt romney's background, but is greed good? is what mitt romney did good for the economy? do we want more of that? >> it's neither good nor bad. i did that and made money for myself and from my partners and so on. it was fine. i don't think it hurt anyone, but on the other hand, it's not particularly good either. it's a method. >> are you confusing greed with a profit incentive, seriously? are you questioning whether the profit incentive has been a positive force for good over the years? >> when mitt romney was at bain, the whole idea was let's streamline the companies, move the jobs overseas. >> greed means you're taking more, greed is a totally different things than a profit incentive. that's that he a low determinant, henry, you know that. >> gekko's point in the speech this is a fat, s
second place i think sandy let jamie go for just this reason, sandy's not a speculator and dimon is. >> can we go back to gekko for a minute? >> no. >> very different, we showed the clip, famous iconic speech, greed is good, 1987. this is coming the up in the presidential election, in are mr's bam mitt romney's background, but is greed good? is what mitt romney did good for the economy? do we want more of that? >> it's neither good nor bad. i did that and made money for...
86
86
Jan 2, 2013
01/13
by
CNBC
tv
eye 86
favorite 0
quote 0
the senate passed the sandy bill. if he had john boehner saying that, he has every right to be an insensitive as he is is. >> passing the bill later this more or perhaps during this month, don, what do you think about this? >> i think john boehner has had a rather rough month. i think we should cut the guy a little slack. this will get done in a couple days. let's move on. >> you think it is that simple though? they are complaining saying it was much faster -- >> i'm afraid -- they won't take it up in the next couple of days unfortunately. don has a point in that i think it'll get done. but christie has a point when he says it has taken much longer for d disasters in many ways less damaging than this one? >> why? because of the fiscal cliff? >> it just has to get on another legislative bill somewhere. >> don, i think the frustration is, the american people, when you dig into the fiscal cliff bill, it has benefits for asparagus farmers, depreciation for nascar tracks. congress has the ability to take those things in. t
the senate passed the sandy bill. if he had john boehner saying that, he has every right to be an insensitive as he is is. >> passing the bill later this more or perhaps during this month, don, what do you think about this? >> i think john boehner has had a rather rough month. i think we should cut the guy a little slack. this will get done in a couple days. let's move on. >> you think it is that simple though? they are complaining saying it was much faster -- >> i'm...
81
81
Nov 19, 2012
11/12
by
CNBC
tv
eye 81
favorite 0
quote 0
>> before hurricane sandy there was a much greater likelihood of the tax exempt on the block. after sandy there is so much focus on the need to rebuild and the debt that would have to be issued and what local communities will have to pay in terms of cost to borrowing that it is less of a likelihood but i will say from the entire 20 whatever years i have been in the business i think this is the first time that the threat to tax exemption is stronger. >> are you finding that investors are coming to your office panicked? should i do something now? should i sell? >> yields have come down significantly so they are not panicking. what we had seen pretty much since the election was that municipals were rallying. the one thing we all have to remember is that the likelihood of taxes going up is much more sure than whether bonds will be tax exempt or not. people will be looking at the likelihood of higher taxes. >> if you are an investor sitting at home you are thinking should i go into muni bonds. how would you walk through the basics with somebody? >> it is interesting. i was having a
>> before hurricane sandy there was a much greater likelihood of the tax exempt on the block. after sandy there is so much focus on the need to rebuild and the debt that would have to be issued and what local communities will have to pay in terms of cost to borrowing that it is less of a likelihood but i will say from the entire 20 whatever years i have been in the business i think this is the first time that the threat to tax exemption is stronger. >> are you finding that investors...
121
121
Nov 5, 2012
11/12
by
CNBC
tv
eye 121
favorite 0
quote 0
. >> recovery from sandy continues. manhattan gets power back and most subway service is restored although millions in the region have no power or heat with tens of thousands this morning homeless. >> we'll begin with a big week for the market. first up tomorrow's presidential election in this country. polls show the race between barack obama and gop challenger mitt romney to be a dead heat. on wednesday the greek parliament is due to vote on a package of austerity measures and then china's congress convenes for once in a decade leadership change. that's not evening mentioning ecb. there's been some that have said this is potentially the highest concentration of risk of the entire year. >> i heard this. it's embarrassing to hear. what's happened the whole time is there are managements that have made money during this period and managements that have failed and models that have made money and models that have failed. i spent a lot of time this weekend going over the last five years of stocks. what i find is that you have
. >> recovery from sandy continues. manhattan gets power back and most subway service is restored although millions in the region have no power or heat with tens of thousands this morning homeless. >> we'll begin with a big week for the market. first up tomorrow's presidential election in this country. polls show the race between barack obama and gop challenger mitt romney to be a dead heat. on wednesday the greek parliament is due to vote on a package of austerity measures and then...
93
93
Nov 28, 2012
11/12
by
CNBC
tv
eye 93
favorite 0
quote 1
some people were saying maybe they're a little softer because of sandy. at the same time, we have september revised lower, should we be a little bit concerned that there's a touch of a slowdown in this recovery within the context of recovery. >> you get any stack of numbers from anyone they differ between another stack of number. you can assess it, analyze it to death and read into it what you want. you can say sandy's at fault here, not at fault, i'm telling you, the housing market is stronger than people think it is. the price appreciation you're going to see over the next few years unless i don't know a thing about real estate. i made my living my whole life and i'm usually right, it's going to go much higher than people anticipate. if you look at the latest zillow report, 12 out of 12 months appreciation, if that's not a trend, that should put all the naysayers to bed, what? it's a great time to buy and a terrible time to sell. unless you're going to wait awe few months then you're going to get more for it tomorrow. >> barbara, always good to see you.
some people were saying maybe they're a little softer because of sandy. at the same time, we have september revised lower, should we be a little bit concerned that there's a touch of a slowdown in this recovery within the context of recovery. >> you get any stack of numbers from anyone they differ between another stack of number. you can assess it, analyze it to death and read into it what you want. you can say sandy's at fault here, not at fault, i'm telling you, the housing market is...
266
266
Dec 7, 2012
12/12
by
CNBC
tv
eye 266
favorite 0
quote 0
you had sandy. i mean, it may be -- the journal argued it's the least important jobs number in five years. >> i saw that. i do think one thing we can certainly say given that china seems to be stabilizing a bit, we can all discuss europe. greek situation. maybe it's off the front pages for a while. and so if we assume that the jobs picture in the u.s. is not bad, let's assume not bad, it puts even more of a focus on the fiscal cliff negotiations because it becomes even more binding one would assume in terms of good or bad for the market, for the economy. >> kernen had a good point. does strength mean the economy could handle a cliff or is it so good you wouldn't want to tamper -- >> if i wanted to create a recession, what would i do? i would raise everybody's rates. i would cut the unemployment benefit. just trying to think of a theory of how i could cause a recession. i would cut back government spending quickly. >> i would raise interest rates to 20%. >> bernanke ought to join the -- look, i think
you had sandy. i mean, it may be -- the journal argued it's the least important jobs number in five years. >> i saw that. i do think one thing we can certainly say given that china seems to be stabilizing a bit, we can all discuss europe. greek situation. maybe it's off the front pages for a while. and so if we assume that the jobs picture in the u.s. is not bad, let's assume not bad, it puts even more of a focus on the fiscal cliff negotiations because it becomes even more binding one...
65
65
Jul 25, 2012
07/12
by
CNBC
tv
eye 65
favorite 0
quote 0
not sandy weill's. it's one thing to hear people like me or barney frank or the president say these things but an insider as the architect of the measures looks back and recognizes just how dysfunctional they have been for the markets and the reputation of the market sector, we all ought to be listening. >> jared, you agree with sandy weill? >> i deeply agree with him. maybe more accurate to say he finally disagrees with me. >> does this render the beast that dodd-frank and the voel kerr rule intended to tame worthless? are those laws needed if we do what's suggested? >> perhaps the volcker rule could be preempted by the kind of suggestion and sandy speaking with clarity about this i found it pretty convincing. just look at the jpmorgan london whale story. was ate proprietary trade or not? >> i think it was. if you hive them off that way, it obviates the questions. >> what's amazing is banker's remorse in the last few years. right? you mentioned phil purcell. i mean, does it matter they're coming out sa
not sandy weill's. it's one thing to hear people like me or barney frank or the president say these things but an insider as the architect of the measures looks back and recognizes just how dysfunctional they have been for the markets and the reputation of the market sector, we all ought to be listening. >> jared, you agree with sandy weill? >> i deeply agree with him. maybe more accurate to say he finally disagrees with me. >> does this render the beast that dodd-frank and...
93
93
Oct 30, 2012
10/12
by
CNBC
tv
eye 93
favorite 0
quote 0
what will sandy's long-term impact be? joining us once again is paul walsh, vice president of weather analytics for the weather channel. what -- you have what he a chance to crunch some of these numbers. yesterday, we talked about retail. >> yep. >> today, you are taking a broader look what are you coming up with in terms of the impact? >> so i have been talking to some economists out there and sort of getting their senses, early days, of course, but chatted with mark zandi yesterday. they are estimating that binds the location where the storm hit, probably cost the is economy about $150 to $20 billion, $10 billion per day. wells fargo thinking it could be a .1 to .2% impact on q 4 gdp. >> now, there's the rebuilding, of course, which might offset some of that. >> yep. >> but that takes a while to be impacted and to be really factored into the equation, right? >> i talked to someone yesterday who is thinking we will see a benefit when we go into 2013 and 2014 increasing his growth estimates for 2013 and bringing down unemp
what will sandy's long-term impact be? joining us once again is paul walsh, vice president of weather analytics for the weather channel. what -- you have what he a chance to crunch some of these numbers. yesterday, we talked about retail. >> yep. >> today, you are taking a broader look what are you coming up with in terms of the impact? >> so i have been talking to some economists out there and sort of getting their senses, early days, of course, but chatted with mark zandi...
50
50
Apr 25, 2013
04/13
by
CNBC
tv
eye 50
favorite 0
quote 0
i look at the first quarter as a lot of hurricane sandy and some pretty specific maintenance costs. >> the maintenance is something that pushed the quarter up. is this something that you see that is structural? is this something that you guys are worried about? >> in. we are very pleased. we have 54 going into the year. at the end of the day, we see the pains before anybody else. let's get 12 motors into the shops in the first quarter. it's going the flattenover the course of the year. >> that's great. it's a world class company. >> we wouldn't have the position in boston without that airplane today. doing the same thing down the caribbean as well. >> real quick the important ones, passenger revenue, operating revenue. you're all doing better. i think that's what is important in the business. looking much more like an industry. where investors will want to invest long term. what's happening with oil. and if the government would let us run our airlines, i think this is a really good time to be in airlines. >> got to let you go. say nothing until the bathrooms get a little better. >> an
i look at the first quarter as a lot of hurricane sandy and some pretty specific maintenance costs. >> the maintenance is something that pushed the quarter up. is this something that you see that is structural? is this something that you guys are worried about? >> in. we are very pleased. we have 54 going into the year. at the end of the day, we see the pains before anybody else. let's get 12 motors into the shops in the first quarter. it's going the flattenover the course of the...
49
49
Nov 2, 2012
11/12
by
CNBC
tv
eye 49
favorite 0
quote 0
if people would give money to sandy relief. city meals is
if people would give money to sandy relief. city meals is
97
97
Nov 8, 2012
11/12
by
CNBC
tv
eye 97
favorite 0
quote 0
what about hurricane sandy and its effect? there are those who say that people are going to have to replenish certainly and as a result of that, that will boost sales. but other people are saying a number of these retailers are going to get very hard as a result of this natural disaster. >> your latter point is completely correct that the retailers will be hit very hard. the terrific team at home depot sold all the generators to lumber to replacement equipment and windows. that shifts consumer savings to home depot and lowe's and away from the luxury discount department store retailers. also many people -- 90% of people typically don't have flood insurance so there's less disposable income. it could be the start of a retail recession beginning this week through the holidays, into next year. >> thank you, good to talk with you. >> likewise. appreciate it, as always. >>> thank you very much. it is not just retailers. new york governor andrew cuomo in a news conference just a few minutes ago said the damage from sandy could cost
what about hurricane sandy and its effect? there are those who say that people are going to have to replenish certainly and as a result of that, that will boost sales. but other people are saying a number of these retailers are going to get very hard as a result of this natural disaster. >> your latter point is completely correct that the retailers will be hit very hard. the terrific team at home depot sold all the generators to lumber to replacement equipment and windows. that shifts...
19
19
Dec 3, 2021
12/21
by
CNBC
tv
eye 19
favorite 0
quote 0
i'm an economist, not a market strategist finally, sandy, you like a couple of names, or at least one in hospitality how do you expect -- i'm talking about caesars here how do you expect those stocks to recover that are being hit so hard in what michelle points out is still a covid economy >> yeah, that's right. i mean caesars is down 25% in the month, so this is kind of opening up an opportunity in my mind to buy some tom reid has been an unbelievable ceo, not only -- in fact, my team was in las vegas monday/tuesday it is very crowded things look to be okay, but i think that's the type of name i want to buy when they have i-gaming and basically, you know, gaming on your app, being able to online gamble. they just spent $4 billion acquiring william hill, the fourth largest sports book operator i think there's a lot of opportunities. they're doing great things from a company specific standpoint and i want to be more in those type of reopening plays than, again, the stay-at-home plays. i'm interested in caesars here >> i like the optimism thank you, sandyvilleere and michelle mire. >>>
i'm an economist, not a market strategist finally, sandy, you like a couple of names, or at least one in hospitality how do you expect -- i'm talking about caesars here how do you expect those stocks to recover that are being hit so hard in what michelle points out is still a covid economy >> yeah, that's right. i mean caesars is down 25% in the month, so this is kind of opening up an opportunity in my mind to buy some tom reid has been an unbelievable ceo, not only -- in fact, my team...
77
77
Nov 5, 2012
11/12
by
CNBC
tv
eye 77
favorite 0
quote 0
blame it on sandy. express groups missed that will be interesting to see how it affects walgreen tomorrow. >> the stock has been a monster. they filed a mix shelf. i don't think that's going to matter. it might trade 66 in a couple months. it's at least going to 50. >> speaking of monster, monster beverage, up 2%. scott? >> they got a love letter in the media, which pointed out they own a third of the impressive and growing energy drink market. and the last time we talked about this stock, it was because they were being sued, a really unfortunate situation. i think the market likes that we haven't seen a pile-on by other plaintiffs. >>> and finally, a pop for pigskin politics. here is a positive sign for the romney campaign, according to the redskins koul rule. if the washington redskins win their last home game before a race, the incumbent party will win the presidency. on sunday, as you know, the redskins lost to the carolina panthers at home. but if you're not a firm believer in pigskin politics, con
blame it on sandy. express groups missed that will be interesting to see how it affects walgreen tomorrow. >> the stock has been a monster. they filed a mix shelf. i don't think that's going to matter. it might trade 66 in a couple months. it's at least going to 50. >> speaking of monster, monster beverage, up 2%. scott? >> they got a love letter in the media, which pointed out they own a third of the impressive and growing energy drink market. and the last time we talked...
210
210
Oct 30, 2012
10/12
by
CNBC
tv
eye 210
favorite 0
quote 0
sandy still packing a punch. more than 7 million people currently without power from north carolina through connecticut. there are more than 2 million people in new jersey alone without power today. we'll get an update on the you power situation in new jersey with the president of pse&g, they have 1.2 million customers without pow person by the way, the president is just declaring a state of emergency in new york city. this is something that will free up more federal funds for people here in long island and in new york city and we will have more on that in just a moment. also coming up in the next half hour, we have delaware governor jack markell. we'll get his assessment of the damage to his state and dennis gartman will talk energy and commodity trading. >> lots of damage to report in the new york city area, more than 50 homes were destroyed by fire last night in breezy point queens. just east of cone any islands, more than 170 firefighters were on the scene. and separately more than 200 patients were evacuated
sandy still packing a punch. more than 7 million people currently without power from north carolina through connecticut. there are more than 2 million people in new jersey alone without power today. we'll get an update on the you power situation in new jersey with the president of pse&g, they have 1.2 million customers without pow person by the way, the president is just declaring a state of emergency in new york city. this is something that will free up more federal funds for people here...
75
75
Aug 28, 2017
08/17
by
CNBC
tv
eye 75
favorite 0
quote 0
or sandy. >> or sandy. these tend to be shots in the arm. now donald trump, president trump will be down tuesday i think he will talk about the most incredible amazing and best ever but you're coming in on a stock that did not do well after it reported so i think this is femoral versus the insurers and valero which is my pick. >> that as well. >> they're not down. there could be a wind fall prospect. >> you're talking about production not down. >> gigantic exporter of not only just crude but more importantly refine product to mexico now where are they going to put the oil? they're going to sell it for less than $47.47 my pretix is crude gets in here pretty heavily. >> i want to transition to procter & gamble this is not going to really heat up until after labor day but you have another letter this morning. we are expecting in the not too distant future to hear from mr. peltz on what he feels needs to be done at p&g the focus is to say measure our progress in the stock market and guess what it l
or sandy. >> or sandy. these tend to be shots in the arm. now donald trump, president trump will be down tuesday i think he will talk about the most incredible amazing and best ever but you're coming in on a stock that did not do well after it reported so i think this is femoral versus the insurers and valero which is my pick. >> that as well. >> they're not down. there could be a wind fall prospect. >> you're talking about production not down. >> gigantic exporter...